George Weston (OTCMKTS:WNGRF) Sees Unusually-High Trading Volume – Still a Buy?

George Weston Ltd. (OTCMKTS:WNGRF) saw strong trading volume on Friday . 9,104 shares traded hands during trading, an increase of 646% from the previous session’s volume of 1,221 shares.The stock last traded at $69.85 and had previously closed at $70.09.

George Weston Stock Performance

The firm has a 50 day moving average price of $70.69 and a 200 day moving average price of $69.03. The stock has a market cap of $26.40 billion, a PE ratio of 34.61 and a beta of 0.48. The company has a quick ratio of 0.65, a current ratio of 1.10 and a debt-to-equity ratio of 1.01.

George Weston (OTCMKTS:WNGRF) last announced its quarterly earnings results on Wednesday, March 4th. The company reported $0.87 earnings per share for the quarter, missing the consensus estimate of $0.91 by ($0.04). The business had revenue of $12.04 billion during the quarter, compared to analysts’ expectations of $16.89 billion. George Weston had a return on equity of 13.76% and a net margin of 1.71%.

About George Weston

George Weston Limited (OTCMKTS:WNGRF) is a Canadian diversified food processing and distribution company with principal interests in grocery retail and baked goods. The company operates primarily through its controlling ownership of Loblaw Companies Limited, one of Canada’s largest food retailers, and through its Weston Foods bakery operations. Its business model spans product manufacturing, retailing, and associated services that support grocery operations and consumer packaged goods distribution.

Through its ownership stake in Loblaw, George Weston is connected to a wide array of retail banners, pharmacy operations and private-label brands that serve Canadian consumers, including national supermarket formats and in-store pharmacy and financial services.